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Sunday, July 20, 2008

Why Economic Pump-Priming by Government Doesn’t Work

As the website notes,

There is only one way that leads to an improvement of the standard of living for the wage-earning masses, viz., the increase in the amount of capital invested. All other methods, however popular they may be, are not only futile, but are actually detrimental to the well-being of those they allegedly want to benefit

Read Ludwig von Mises’s essay on Wages, Unemployment, and Inflation.

Posted by Thomas E. Brewton on 07/20 at 02:57 PM
Economics • (1) Comments
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